Anadarko Petroleum Corporation (APC) Receives Price Target

Anadarko Petroleum Corporation (APC) : The consensus price target for Anadarko Petroleum Corporation (APC) is $69.07 for the short term with a standard deviation of $14.84. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $108, however, the pessimist price target for the company is $50.

Anadarko Petroleum Corporation (APC) : Zacks Investment Research ranks Anadarko Petroleum Corporation (APC) as 3, which is a Hold recommendation. 12 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 21 research analysts is 1.76, which indicates as a Buy.


Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Anadarko Petroleum Corporation (NYSE:APC). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Barclays lowers the price target from $46 per share to $50 per share. The rating by the firm was issued on July 29, 2016.

Anadarko Petroleum Corporation (NYSE:APC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.12 and $52.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.54, notching a gain of 0.13% for the day. The total traded volume was 5,195,640 . The stock had closed at $53.47 on the previous day.

Anadarko Petroleum Corporation is an independent exploration and production company. The Company is engaged in the exploration, development, production, and marketing of natural gas, oil, condensate, natural gas liquids (NGLs), and anticipated production of liquefied natural gas (LNG). Its assets include United States onshore resource plays in the Rocky Mountains area, the southern United States, the Appalachian basin, and Alaska. The Company has three segments: Oil and gas exploration and production, Midstream and Marketing. Oil and gas exploration and production segment explores for and produces natural gas, oil, condensate, and NGLs, and plans for the development and operation of its LNG project. Midstream segment engages in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production. Marketing segment sells oil, natural-gas, and NGLs production. The Company is also an independent producer in the deepwater Gulf of Mexico.

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